If Barker Co buys 51% of the shares of Carter Co:

a. Carter Co.'s board would have to approve the sale.
b. Barker Co.'s board would have to approve the sale.
c. both boards would have to approve the sale.
d. both sets of shareholders would have to approve the sale.


b

Business

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Cash equivalents are securities that

A) management intends to convert into cash within one year. B) are denominated in a recognized national currency. C) management intends to convert into cash within the normal operating cycle. D) have maturity dates of three months or less.

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OutCode Inc. is an organization that tries to avoid the potential for violence or a lawsuit each time an employee is asked to leave the company. It does this by having the former employees meet with a specialized member of the HR staff to discuss their feelings while also getting help to find a new job. Which strategy does OutCode Inc. use in this scenario?

A. outplacement counseling B. outcome fairness C. an employee assistance program D. fair representation E. alternative dispute resolution

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Which of the following is an appropriate control unit for nuclear power plants?

A) states B) counties C) countries D) blocks

Business

On October 27, Able Graphics received a $540 utility bill for the current month's electricity. It is not due until the end of the next month which is when the bill will be paid. Which of the following general journal entries will Able Graphics make on October 27 to record this transaction?

A.

Cash540? 
Utilities Expense 540?

B.
Utilities Expense540? 
Cash 540?

C.
Utilities Expense540? 
Accounts Payable 540?

D.
Accounts Payable540? 
Utilities Expense 540?

E.
No journal entry is required  
   

Business